https://www.taxtmi.com/caselaws?id=65378 The Tribunal annulled the assessment made in the status of Hindu Undivided Family (HUF) due to the invalid initiation of proceedings under section 147/148, as no valid notice was issued to the HUF. The proceedings were deemed invalid due to non-compliance with statutory requirements, including the absence of a notice under section 143(2). The denial of deduction under section 54B and charging of interest under sections 234A and 234B were upheld. The appeal of the assessee was allowed, resulting in the annulment of the assessment. en-us Wed, 11 Jul 2007 00:00:00 +0530 Wed, 07 Feb 2024 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65378 The Tribunal annulled the assessment made in the status of Hindu Undivided Family (HUF) due to the invalid initiation of proceedings under section 147/148, as no valid notice was issued to the HUF. The proceedings were deemed invalid due to non-compliance with statutory requirements, including the absence of a notice under section 143(2). The denial of deduction under section 54B and charging of interest under sections 234A and 234B were upheld. The appeal of the assessee was allowed, resulting in the annulment of the assessment. Case-Laws Income Tax Wed, 11 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65378